Full Year 2025 Raiffeisen Bank International AG Earnings Call Transcript
Key Points
- Raiffeisen Bank International AG (RAIFF) reported a consolidated profit of EUR 1.443 billion for 2025, excluding Russia, with a return on equity of 10.6%, slightly ahead of guidance.
- The bank achieved a 6% loan growth in 2025, in line with its guidance, and expects continued growth momentum in 2026.
- A dividend proposal of EUR 1.60 per share for 2025 was announced, reflecting the bank's strong performance.
- The bank's CET1 ratio, excluding Russia, stood at 15.2% as of January 1, 2026, slightly exceeding guidance.
- Fee income increased by 8.5% in 2025, with an initial guidance of EUR 2.1 billion for 2026, indicating strong revenue growth potential.
- Litigation provisions in Poland continued to impact results, although to a lesser extent than previous years, with expectations of further improvements in 2026.
- A court decision in Russia led to a EUR 339 million penalty, adding to the bank's litigation challenges.
- The bank faces potential margin pressure in 2026 due to competitive dynamics and interest rate changes.
- Operational risk in Russia remains a concern, with a significant increase in OpRisk RWAs impacting the CET1 ratio.
- The bank anticipates higher bank levies and windfall taxes in 2026, which could offset improvements in operating results.
Good afternoon, ladies and gentlemen, and welcome to the preliminary results 2025 conference call of Raiffeisen Bank International. Today's conference is being recorded. At this time, I'd like to turn the conference over to Mr. Johann Strobl, Chief Executive Officer. Please go ahead, sir.
Good afternoon, ladies and gentlemen. Thank you for joining us today. We are happy to report a good set of results for the fourth quarter and all in all, a very satisfactory full-year 2025. We finished the year with a consolidated profit, excluding Russia of EUR1.443 billion and the return on equity of 10.6%, slightly ahead of our guidance. The business year 2025 was again impacted by litigation provisions in Poland, although to a lesser extent than in previous years, and we expect further improvements here in 2026 and beyond.
When we look at the future of the group and what it is capable of achieving, as we exclude Russia and the legacy portfolio in Poland,
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